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4 + 1 (Metals) strategy

  • #1,041
  • Sep 17, 2019 6:33am Sep 17, 2019 6:33am
i just noticed that present H4 and H1 candles high is already higher than previous candles high
  • #1,042
  • Sep 17, 2019 6:35am Sep 17, 2019 6:35am
Quoting Junibifon
{quote} Confluence with D1 bullish trendline {image}
A little bit of patience and clear thinking clarifies and simplifies it all
4&1 All Time Profit: $37,496
  • #1,043
  • Sep 17, 2019 6:37am Sep 17, 2019 6:37am
Quoting MzansiObi
{quote} A little bit of patience and clear thinking clarifies and simplifies it all
yea! patience bro......
h1 candle has to close first so that it could be a bit clearer.
so wat u think bro??
continuos bullish or definitely bearish???
Thanks mahn!!
  • #1,044
  • Sep 17, 2019 6:44am Sep 17, 2019 6:44am
Quoting Spirit4eva
{quote} yea! patience bro...... h1 candle has to close first so that it could be a bit clearer. so wat u think bro?? continuos bullish or definitely bearish??? Thanks mahn!!
Have a look at the levels, buy dips have been my bias just cause London bought and price started bouncing from key levels and forming reversal patterns around those key levels.
In terms of PA going forward, will look at how prices behaves around these upside levels....NY is about to open soon so they will also give us a hint. Take it a level at a time my G
4&1 All Time Profit: $37,496
  • #1,045
  • Sep 17, 2019 7:05am Sep 17, 2019 7:05am
This zoomed out view of the H1 chart shows the bigger pattern.
So while the h1 and h4 still offer specific short setup levels, the D1 support structure remains intact and till broken this is what it seems to be playing out, the h1 200 EMA thats been capping prices from going higher holds the key for further bullish continuation.....
Attached Image (click to enlarge)
Click to Enlarge Name: H1HNSTargets (2).png Size: 63 KB
4&1 All Time Profit: $37,496
  • #1,046
  • Edited 8:02am Sep 17, 2019 7:09am | Edited 8:02am
seems to be tagging the ema200 on the H1 chart, will see how price reacts here to determine direction, still time to close the gap before the meetings tomorrow imo

Edit: gonna take a risky short @ 1504 SL 1512 TP 1486 let's see how it handles H1 ema200 rejection
  • #1,047
  • Sep 17, 2019 7:12am Sep 17, 2019 7:12am
Quoting chasinpips
seems to be tagging the ema200 on the H1 chart, will see how price reacts here to determine direction, still time to close the gap before the meetings tomorrow imo
True, iBut Just remember, a gap doesnt "HAVE" to be filled, so my bias and outlook dont really factor it into play in terms of following price along the way
4&1 All Time Profit: $37,496
  • #1,048
  • Sep 17, 2019 7:25am Sep 17, 2019 7:25am
Quoting MzansiObi
buy dips have been my bias
I'm with you on this one. I bought dips yesterday and had positions at 1497 and 1501.50. Have already closed out 1/3 for profit, 1/3 SL moved to BE, and other 1/3 SL moved to well above BE. MzansiObi, I am finally starting to see the light and practice good MM. Thanks for your efforts.
If in doubt, paddle out!
  • #1,049
  • Sep 17, 2019 7:26am Sep 17, 2019 7:26am
M15 guys hope y'all have been smiling???
  • #1,050
  • Sep 17, 2019 7:28am Sep 17, 2019 7:28am
Quoting MzansiObi
{quote} True, iBut Just remember, a gap doesnt "HAVE" to be filled, so my bias and outlook dont really factor it into play in terms of following price along the way
There was no gap (XAUUSD) jn my broker this week. Is it because different broker has different opening time ?
  • #1,051
  • Sep 17, 2019 7:31am Sep 17, 2019 7:31am
Quoting Junibifon
{quote} There was no gap (XAUUSD) jn my broker this week. Is it because different broker has different opening time ?
Probably, But you can also just check online or also check on your charts where the market closed on friday and where the open was in the new week
4&1 All Time Profit: $37,496
  • #1,052
  • Sep 17, 2019 7:39am Sep 17, 2019 7:39am
Quoting SurfsUp
{quote} I'm with you on this one. I bought dips yesterday and had positions at 1497 and 1501.50. Have already closed out 1/3 for profit, 1/3 SL moved to BE, and other 1/3 SL moved to well above BE. MzansiObi, I am finally starting to see the light and practice good MM. Thanks for your efforts.
Only a pleasure bud/ Maybe you can teach me how to Surf now.....heheheheheh
Bag those Pips bud
4&1 All Time Profit: $37,496
  • #1,053
  • Sep 17, 2019 7:40am Sep 17, 2019 7:40am
Quoting MzansiObi
This zoomed out view of the H1 chart shows the bigger pattern. So while the h1 and h4 still offer specific short setup levels, the D1 support structure remains intact and till broken this is what it seems to be playing out, the h1 200 EMA thats been capping prices from going higher holds the key for further bullish continuation..... {image}
ok boss! i get the reversal pattern..buh your H1 200 doesnt seem so though
  • #1,054
  • Sep 17, 2019 7:42am Sep 17, 2019 7:42am
Quoting SurfsUp
{quote} I'm with you on this one. I bought dips yesterday and had positions at 1497 and 1501.50. Have already closed out 1/3 for profit, 1/3 SL moved to BE, and other 1/3 SL moved to well above BE. MzansiObi, I am finally starting to see the light and practice good MM. Thanks for your efforts.
yea! he is a boss
  • #1,055
  • Sep 17, 2019 7:44am Sep 17, 2019 7:44am
Quoting Junibifon
{quote} There was no gap (XAUUSD) jn my broker this week. Is it because different broker has different opening time ?
lol. do you mean it?
  • #1,056
  • Sep 17, 2019 7:47am Sep 17, 2019 7:47am
Quoting Spirit4eva
{quote} ok boss! i get the reversal pattern..buh your H1 200 doesnt seem so though
Price needs to break that handle and stay above it atleast on an hourly basis, if it just spikes up and stays below it then we may have to wait it out.
That sell off from the high last week was too abrupt, so this outlook suggests price gradually retests it as resistance.....thats still far off, the funie guys will tell us, but maybe the news events tomorrow will get the ball rolling....for now we wait it out my G
4&1 All Time Profit: $37,496
  • #1,057
  • Sep 17, 2019 7:50am Sep 17, 2019 7:50am
Quoting MzansiObi
{quote} Only a pleasure bud/ Maybe you can teach me how to Surf now.....heheheheheh Bag those Pips bud
Bagged and done. That 1505 resistance seems a bit stiff. Closed out all long positions. Need to decide when to get back in. Yeah...surf's the life. Nothing like the connection with you and mother nature!
If in doubt, paddle out!
  • #1,058
  • Sep 17, 2019 8:00am Sep 17, 2019 8:00am
Quoting Spirit4eva
{quote} lol. do you mean it?
Yes, you may see I my H1 chart. There's no gap for this week. There was a big gap last week and was successfully traded it with profit

Btw, currently has short 1504
Attached Image (click to enlarge)
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  • #1,059
  • Sep 17, 2019 8:14am Sep 17, 2019 8:14am
Quoting Junibifon
{quote} Yes, you may see I my H1 chart. There's no gap for this week. There was a big gap last week and was successfully traded it with profit Btw, currently has short 1504 {image}
Close half position at 1502. Other half set BE and Stopped out
  • #1,060
  • Sep 17, 2019 8:21am Sep 17, 2019 8:21am
Quoting SurfsUp
{quote} Bagged and done. That 1505 resistance seems a bit stiff. Closed out all long positions. Need to decide when to get back in. Yeah...surf's the life. Nothing like the connection with you and mother nature!
Might not be a bad idea to jump on board with a short here about, but moderate position size, both London and NY bought this cross, so there is a willingness to push higher...the short is just off a strategic handle thats all....
4&1 All Time Profit: $37,496
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